Question-and-Answer Session
Operator
(Operator instructions). Your first question will be from the line of Ryan Connors of Boenning and Scattergood.
Rick Parod
Hello Ryan.
Ryan Connors – Boenning and Scattergood
Yes, Rick, can you hear me?
Rick Parod
Yes, yes, good morning.
Ryan Connors – Boenning and Scattergood
Great, well congratulations on an outstanding quarter. First off, I wondered if we could break down the revenue growth, both domestically and internationally, on a price versus volume basis, at least in rough terms.
Rick Parod
Well, I think the revenue break out between domestic and international is identified, and rather than breaking out the price and volume between those two pieces, what I can tell you is that of the irrigation revenue growth, two-thirds of it would be unit growth, and a third of it would be price, year over year.
Ryan Connors – Boenning and Scattergood
Okay, that’s perfect. And then I just wondered, obviously, the revenue growth was phenomenal, I wondered if you could talk, without getting into the numbers and guidance and so forth, just if you could talk qualitatively about how sustainable you think these types of revenue growth numbers are into the future in terms of demand.
Rick Parod
Yes, I think a couple of points that I would make along that line Ryan, would be that one, the first quarter is really not - we’re not into our primary domestic selling season yet, so it’s hard to project from the first quarter domestic demand. However, what we did see in the first quarter in demand in orders was stronger than what we’ve seen in the past, as was indicated in the revenue and in the backlog. So I would say it’s a very good indication and we’ve anticipated a strong domestic demand given what the Ag. equipment manufacturers have seen in the past, and we anticipated a lag impact on our business.
In the international markets, we’re seeing continued strong demand in specific projects that are appearing throughout the world, whether it’s in Middle East, or now Eastern Europe, really in many places throughout the world. But in addition, we’re also seeing a recovery in Brazil and Africa, which we had not seen up until this past quarter. So I’d say in general, there’s a lot of really good indication, however the real indicator for the domestic market is probably more in what we’re seeing in that backlog and in what happens, starting say in January, in terms of order flow.
Rick Parod
